Income Tax
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Section 80P Deduction Allowed on Bank Interest Amid Conflicting HC Views
Unexplained Income Addition Deleted for Properly Documented Gifts from Relatives
Section 69A Addition Confirmed by ITAT for Unsubstantiated Cash Deposits
No Reasonable Cause: ITAT Quashes Appeal Against Section 271B Audit Penalty
Demonetization Addition Cut from ₹78L to ₹7L; 115BBE Rate Applied Prospectively
Does Section 115BAA Override LTCG Rates? ITAT Ruling Explained
Tribunal Dismisses Revenue Appeal Over Time-Barred Reassessment
153C Collapses at First Gate: RTI Exposes Non-Recording of Satisfaction by AO of Searched Person
AO’s Reopening Under Section 147 Set Aside Over Incorrect Filing Claim
ITAT Limits Bogus Purchase Disallowance to 6%; Section 153C Jurisdiction Unresolved
Mere suspicion of fraud or lower GP cannot trigger Section 145(3) or 40A(2)(b) disallowances
Joint Ownership Doesn’t Bar Section 54F Deduction: ITAT Delhi
Recent Income Tax Changes Affecting Salaried Individuals, Professionals & Businesses
How India Taxes Cryptocurrency and NFTs: Complete VDA Tax Guide
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
